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5 entries

Oct 21, 2020 9:44:00 AM | LGT Beacon

LGT Beacon: Brace for turbulence, but stay the course

The past six weeks brought an interim increase in market volatility, as another pandemic wave hit Europe, additional fiscal stimulus remained elusive in the US, the president contracted COVID-19 and his Democrat challenger appeared on track to win the election. Underneath all that drama, however, participation in the market recovery has started to broaden.

Sep 16, 2020 11:00:00 AM | LGT Beacon

LGT Beacon: Investment outlook for Q4/2020

Following our quarterly strategy review, we are adding to our equity positions, while trimming our fixed-income quota. Despite a global V-shaped economic rebound, most investors seem to remain rather cautious and underinvested, which leaves room for further stock market gains in the coming months. We also keep a big overweight in gold as an alternative safe asset in an era that prioritizes reflation.

Jul 16, 2020 11:00:00 AM | LGT Beacon

LGT Beacon: Risk outlook remains balanced

Equities and credit markets have remained well bid over the past month, albeit with less momentum than between March and June. As global equities move toward the upper limit of their recent trading range, the bullish factors are still broadly balancing the downside risks. We hence maintain our neutral equity positioning and focus on active rebalancing.

May 28, 2020 10:00:00 AM | LGT Beacon

LGT Beacon: The risks have titled to the upside

Authorities around the world have started to reopen their economies and borders. Risk markets, after consolidating the strongest rebound in recorded history for about a month, have begun to perk up again recently. While uncertainties about the outlook remain, investors should also not ignore the chances that a new major bull market may be in the making.

Aug 20, 2019 3:08:00 PM | LGT Beacon

LGT Beacon: Staying calm and acting counter-cyclically

August brought a monetary policy disappointment and revived Sino-American trade tensions, triggering a global pullback in risk assets. In late July, near the markets' top, we had trimmed US equities and increased our gold position. More recently, we bought Japanese equities, after our counter-cyclical investment rules produced a buy signal for that market.